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Search Results 0 to 49 of about 97 (some duplicates have been removed)
the income tax is 100 years old or it look at how much it has grown out. welcome, everyone, i and liz macdonald in for neil cavuto. as you're watching the super bowl, we are continuing to watch our tax rates skyrocket. income tax celebrating its 100 are they this saturday. it was 7% of first started. now, locale hiatus. it's about if we should raise the rates even more. dan mitchell on what rates america will be seen next 100 years. you know, here is the thing. basically we are seeing the income tax celebrating its 100 anniversary. back then, it was unconstitutional to have an income tax. what do you make of the direction the country is in with where they are right now? >> well, this is just an argument for euthanasia. i think 100 years is plenty long enough to have the income tax. what is really tragic is that we would not have the modern welfare state with all the economic damage it imposes if we had not given politician the ability to live levy a broad-based tax like the income tax. but as you point out, it is just going to get worse in the future because we have these out-
linda has a comment on the end of the payroll. this is not an increase in taxes. people and employers have had a 2% break-in social security taxes for the last two years. this at a time when social security fund could not afford it. a financial gift to the already employed at the expense of social security. technically right, but in your bed you hated it. i love hearing from you. send me an e-mail. gerri@foxbusiness.com. and you know what, two years in the making almost. the man behind the disasters solyndra alone is stepping down. energy secretary steven chu offering his resignation today. he was highly criticized for its handling of the $528 million loan to the solar panel maker, which later went bankrupt. despite the blunder he is leaving with obama's support and his pride intact. he said, came with streams and leaving with a set of accomplishments that we should all be proud of. not all of his dreams came true. back in 2008 he famously said we as a nation needed to boost gas prices to levels -- levels seen in europe. although he eventually walked back those comments,
hold us back on and in the senate a day later. but what do they do? they raised taxes, didn't cut spending, and essentially postponed some of the other issues, like the debt ceiling, which was going to come up very quickly in the new year, and now has been postponed to may 19. we also have a sequestration but was postponed for two months and that's coming back at the end of february. and if that wasn't enough we have a c.r., since we don't pass budgeting now, we governed by c.r. we have a continuing resolution debate and vote coming up on or before the 27th of march. so what we have done is we've spread these crises out over the course of the whole first half of the year and that's going to be difficult for the economy to manipulate, because as we start istartto see fundamental improvt elsewhere, we will see continued refocusing on the inability of our government to come to terms with its spending, it's taxes, and its debt and deficit. and that will continually, i believe, while markets and call into question some of the more optimistioptimisti c factors that we are seeing. i'd li
real spenged cuts for more tax hikes. the president's sequester should be replaced with spending cuts and reforms that put us on a path to balance a budget over the next 10 years. the american people believe that the tax question has been settled. they know the president called for a balanced approach to the debt. combination of revenues and spending cuts, and they know he's gotten his revenue. the american people do not believe the president will use further tax revenues to lower the debt. and haven't seen this president attempt to spend his way into prosperity over the last four years, they know he'll spend it. the president doesn't believe we have a spending problem. he general winly believes the government -- genuinely believes the government spending causes economic growth. if that were true, the economy today would be thriving. it isn't thriving. the unemployment rate is still nearly 8% and rising. small businesses like the one i ran are struggling. middle class families, those lucky enough to have a job, are living paycheck to paycheck. and president obama just insisted on rais
? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> it hasn't sunk in yet. crazy. unbelievable. tough to put into words because it just really hasn't sunk in yet. i don't even think it's sunk in that we're here, let alone won the thing, so pretty cool. >> the way that game played out when it was 28-6 and the lights went out and whatever happened, i just knew with jim harbaugh being on the other sideline and all those years that we've been together, that that game was going to be a dogfight right to the end. that those guys were coming back. >> i just try to let my teammates at this moment know what we feel like. and last night when i had the conversation with them, you know, that just came directly from my heart to tell them what this feeling would feel like and what god has showed me and for us
years running. visit texas. wide open for business.com and see why our low taxes, sensible regulations and fair legal system are just the thing to get your business moving to texas. >>gretchen: that's smart. that's really, really smart marketing. first of all, a lot of companies have moved to texas. no state income tax, among other things. although the governor of california, jerry brown, tried to blow it off. not that big of a deal. watch this. >> $26,000 and the smallest entry into the media market of california. should i liken it to when you sand in the ocean? no. it's a big nothing. >>steve: when he was walking off apparently, he said this -- quote -- "it's not a serious story, guys. it's not a burp. it's barely a -- and then he used a word we don't use in our house." >>gretchen: come on. that's on my kids' star sheet every day. if you don't fart, you get a star. >>brian: parents have a responsibility on making the diet a -- >>gretchen: no. >>brian: if i was governor brown, i would use that as leverage to get taxes down, to pressure lawmakers to say look what texas is doing. busine
family budgets manage before you even take out taxes you have 4% for severally getting around? >> the average median income for families in america is about $50 $51,000. there's not a lot of extra room, especially given the fact that the economy is not growing, people aren't anticipating wage increases. it's really tough out there if you're a family of four and you're trying to make do. >> shannon: how does this have a ripple effect because it's not just, you know, us going out to fill up the gas. i mean, it's the truckers who have to deliver products and food and that kind of thing. where does it show up e elsewhe? >> it shows up in food we purchased, manufactured goods. when we go to shopping i sisters to buy children's apparel, everything gets to us through vehicles with gasoline. >> shannon: there's plenty of criticism for this particular administration that it could have done more to work on domestic energy production. when you have somebody who sits as a cabinet member who said before being nominated that somehow you have to boost the price of gasoline to the levels in e
states has the highest corporate tax rates in the world. 35% of the federal level when you had sued have local taxes it's much higher than the employer and job creators here in america. how it impacts business is, including how it can be fact driven to decision regarding where to locate manufacturing facilities or how much to invest in r&d, how business investment higher competitiveness be impacted if we eliminated corporate tax altogether such as my job actives. the jobs that will reduce corporate taxes to zero in capital gains taxes to zero and partially would be huge economic boom instead of raising taxes would raise taxpayers with good paying jobs. as you please discuss that? >> i will not disagree with your final conclusion. i also know it brings the double taxation dialogue, especially in difficult times. i think the conclusion that you're alluding to in the question is very clear. we compete against companies headquartered in taiwan, for example, and some of them virtually have zero tax rate. so if we try to operate investors are working against some number incrementally to 35% le
the sierra club about that, and we have a great guest, a multimillionaire, who is saying raise taxes on the rich. don't miss that. and then we have two stories about--one on the cops, and how they're not doing their job in miami. the tape on that is unbelievable. [ sirens ] >> attention all units a 29 just occurred. >> investigators say he never moved. he was tied up with his lady frequent outside of dade land mall. >> cenk: what he didn't respond to is amazing. and then of course the guy who shot two other soldiers because he might have ptsd, he killed the top sniper we ever had. why did he do it, as how bad is ptsd among our troops, you'll find out. it's go time. [ ♪ music ♪ ] >> cenk: boy welcome to the "the young turks." we have an amaying story to start out with. two miami-dade officers fired and three others suspended. why? it's pretty serious stuff. they were not responding to calls that were dramatic. why? [ sirens ] >> attention all units. a 29 just occurred with a gun cash taken. black male with a black hoodie and blue jeans. he need on foot. >> an armed robbery in prog
is there that he put spending cuts on the table. he asked them for them to be paired with tax increases as well. there is more good will than people realize. more agreement that we have such a big budget problem that will we're going to fire on all cylinders. we have to cut spending. frankly, we have raise more revenue. >> you're listening to the california program and our speakers are economic experts. we are discussing national, regional, and global economic challenges. you can find video online. there's a series of questions around employment and job growth. what what is your outlook on job growth? >> i will start. i think -- i will say i was here last year and i'm more optimistic this year than last year. we made a significant amount of progress. it looks like housing prices have started to turn the corner. if you look at household balance sheets we see that consumers have paid down that debt that weighed on them. i think there are reasons to be optimistic. i am fairly optimistic. i think we still have things weighing on us. i think the concern about, are we going to shoot ourselves in the
for about eight months now. but it to best way to a budget -- a balanced budget would be reinstating the tax on wall street transactions. there are quadrillions of dollars in turnover and a 1% tax would generate trillions of dollars in revenue. host: talk about your retirement strategy a little bit. host: there is not -- caller: there is none. that is the point. average people are in the same kind of predicament, not knowing what -- what do they call it? they want to have stability and predictability. where is it? host: when it comes to yourself, have you put anything away? caller: ipad, but it is all gone now. i would like to see a national infrastructure project. we could put people to work. host: steve from twitter -- host: next we're going to charlie. mississippi, independent line. caller: good morning. i am from jackson, where the capital is. i retired in 2009. it is a good thing. i was a civil servant. now in the state house there is legislation where some young republicans want to phase out our state retirement program for civil servants. house bill 486 allows people to just elect, if
immediately on a bigger package, they should at least pass a smaller package of spending cuts and tax reforms that would delay the economically damaging effects of the sequester for a few more months. >> secondly, the white house wanted to signal how they would like to see the rest of these budget negotiations go in 2013, not with one-on-one deal-making but passed through the regular order in congress. the president said he expects that it's going to take time, and while white house wants immigration and gun violence proposals passed by say the fourth of july, they recognize that a budget deal probably won't happen until october. now, as for sequester, cue the blame game. sequester is the most unpopular thing in washington that everybody once supported and now nobody claims to own. while the president tried to blame congress republican leaders pointed their fingers right back at the president. >> the house on two occasions has passed a plan to replace the sequester. it's time for the senate democrats to do their work. it's time for the president to offer his ideas about how to replace the seq
nervously. >> we have massive deficits, a big tax increase that no apparent willingness to get government off people's backs by reducing government spending, and all of that is a heavy, heavy weight on the private sector. firms around the nation are sitting on cash instead of creating jobs. >> reporter: on wednesday the commerce department announced economic growth actually fell to a-10% the last three months of last year, the chairman of the president's council of economic advisers says other indicators remain positive. >> consumer spending increased. business investment. residential construction. >> reporter: the jobs report showed a larger number of people dropped out of the labour force than down jobs. a former administration economist says some of that is to be expected. >> the population is aging, so we expect to have a fir number of people retiring every month for the next ten years or more as the baby boomers retire. >> reporter: the conference board reports a sharp increase in the number of older workers considering delaying retirement, which could make it more difficult for youn
and they are wanting my tax money. because i haven't signed up for their insurance program. second, we will not administer medicaid through utah's health exchange. they want to maintain a clear separation between an approach in the private sector and providing opportunities for the private sector as a postal welfare-based system. not that they are not important aspects but we think there should be a clear separation between those two approaches. we want our exchange to remain focused on the core mission of creating competition and choice in the insurance marketplace. those who are in need again we recognize their people out there who have access and the right and it need an medicaid is maybe one of the answers but we believe that should be done separately and not by our exchange. third, you too administer the premium tax credit through our exchange. there is the number a number of reasons why we decided not to do that. one, we pride ourselves on -- in utah in being fiscally prudent. and i wish washington had that same pride which they certainly don't have. we are one of only seven stat
they are also a little bit pessimistic when. asked if tax less go up on middle class americans this year, 68% said they think, yes, that taxes are going to go up. if that is the case, i mean economic activity can't be helped by that, is it, joe? >> well, no, but they are right, jon. i mean when you look at it the payroll tax that was pulled off as a way to give people a little bit more money in their pocketbooks, to buy things, and to get the kids to school, and put gas in the car, that came off. so the payroll tax is back on, and that affects everybody. i know we talked a lot during the tax issues about the upper 2%, but average americans are going to be hit by putting some of the tax breaks back on -- i mean taking them off that were on, that has happened. people are already going to start feeling that one. so i think that poll sort of reflects reality. jon: kind of interesting too, he defeated hillary clinton in the race for the nomination, four or five years ago and these days according to the polls she is more popular than the president is. does that surprise you, joe? >> no. i think, l
, at very times, made common cause with the antigovernment, anti-tax, anti-everything. they were willing to get in bed with him at certain points. and now they're paying for it. and karl is trying to unwind what he's wound. >> he's like a track tout. i used to go and after the races were over, they would show you who they'd recommend you'd bet on. it was always the winners that pass out the free picks. i would have bet on this guy. that's rove out there saying i would have had all of these winners picked, we would have won all of these general elections and now everybody realizes we're going to go over it in a minute. but your thoughts? >> now, i totally agree with howard. your analogy there. the problem for karl is we have all the betting slips. his two organizations, american cross roads and cross roads gps had a 1% and a 14% success rate. that is not a good track record. it doesn't auger well. this guy, basically, built donors out of more than $200 million and got no return on investment and now he's coming back and saying oh, i can fix the party. good luck with that. >> let's take a
later, the president of women tribe worldwide tax about the state of women's rights. " washington journal host: good morning. we will learn more about immigration with the judiciary committee. the senate could work this week on the chuck hagel nomination. the question remains whether or not republicans will block the nomination with a filibuster. the president traveling to push for slacker gun laws. with the nation focusing on the super bowl, we want to turn to washington's role on regulating the nfl. we will use super bowl sunday to talk about government regulations when it comes to the issue of steroids or head injuries. the phone lines are open. let's begin with a look at some of the headlines courtesy of the museum. from "the san francisco chronicle" -- from "the baltimore sun" -- let's turn to the politics and policy behind the nfl. this is a story a few days ago from "the washington post." outlining a plan and a letter to the executive director of the players union. they agreed as part of a 2011 collective bargaining agreement that the players should be tested for hgh, but t
start a war to celebrate the tax cut or have a tax cut to celebrate the war. i mean, he put it all together. i forgot to mention the prescription drug thing thrown in without financing it. >> right, right, right. and, you know, he did do a great job, you know, mobilizing and energizing the right wing base to get behind george w. bush, and then he and others did a great job in the last few years under barack obama of energizing them by demonizing barack obama and pushing them to the fringe. and now he comes along and says, wait a second, you've gone too far. this monster that i have helped to create has gone too far, and i'm picking up the pitchfork and i got my fire, my torches, and i'm going to go door to door backed by billionaires in texas to get -- >> you don't know this. this is new testament stuff to you. joy, do you know the parable of the unjust steward? the guy is about to get sacked. he's about to lose everything. he goes around and cuts deals with all the people his bosses have been dealing with and gets his piece of the action. it's very secular values to some of this s
's a great generator for deficit. there's a lot of talk of taxes and so forth. that is a job in the pocket if you look at the real driver of our deficit and debt of unfunded liabilities are entitlement programs. to say the things we have to reform. the only party that's meeting after has been the republican party. your highness pasty pledges to do with medicare's. the senate democrats haven't passed a budget in four years. >> host: what does it say that ronald reagan is the point of reference in the party? >> guest: it shows that a huge monumental figure he was. not just what he did in the world, but to the republican party. he fundamentally reshaped the republican party in lots and lots of ways and this time has gone on, he's grown in the imagination of the republican party and he should. he was one of the great presidents of the 20th century. there's a lot to learn both in terms of principle stands in terms of countenance and tone, the way he carried himself. he was a man of extraordinary grace and dignity. he was really by his opponents and never returned in kind. it is a very admirable
. in the meantime he wants a short-term fix of spending cuts and tax revenue. republicans, of course, are not happy with this strategy. one senator saying that the president needs to get serious about this pointing out that americans don't want anymore tax increases. >> it's a huge issue. dan lothian at the white house. thank you. >>> also at the white house today the president has been meeting with labor and business leaders to push his plans for comprehensive immigration reform. later this hour i'll speak with one of the people who are inside that meeting with the president, the goldman sachs ceo, lloyd blackfine. he'll be in "the situation room." we'll hear from a rising star, san antonio mayor, julio castro who came to discuss fixing immigration. all of that coming up. at the same time, the president was speaking to reporters at the white house. the republicans number two man in the house of representatives was in the middle of his speech debuting the republican party new message to voters. eric cantor gave our chief congressional correspondent dana bash a preview. listen to this. >> there's a
and pumped billions of tax dollars into solar energy. today the future looks dim as investments in green energy are beginning to dry up. >>steve: as the subsidies dry up, so does the business. because? >> there's tons of jobs and the entire industry is relying upon these billions of dollars, and we know where those billions have gotten up. according to my research, .1% of the grid comes from solar power. you think about the money that's gone in, billions, and the output. almost nothing; right? now wall street -- this is a big business issue, and what everybody is talking about is what's going to happen with the shraor industry? -- going to happen with the solar industry? what is going to happen with those jobs he said would be created and clearly the country needs jobs. >>gretchen: if we look at subsidized solar companies. unfortunately, there are a lot of them. >> this is not a good track record here. we know what the checkered past has been for president obama and his statements about the solar industry and what the subsidies are providing. the one thing i want to make mention, subsidi
deadline. he provided no details about the tens of billions of dollars in spending cuts and tax adjustments that he wants congress to pass quickly. more specifics could come when he delivers his state of the union address next tuesday." with nearly $1 trillion of domestic and defense spending hanging in the balance, the president says the impacts are already being felt. >> they're never -- there are never -- >> we're not going to run it. okay, go ahead. >> -- there are never specific spending cuts. democrats never provide specific spending cuts. democrats -- alex, i'm just curious, how long has it been since democrats have passed a budget in the senate? watch this. watch this. >> 1,379 days. >> where's the full screen? i thought we had a full screen. >> since before the ipad. >> since before the ipad, exactly. no labels, nonpartisan group, of course, has this no -- >> no budget, no pay, which was signed into law by the president yesterday, for this particular bridge on the debt ceiling, but we need to apply it to the broader budget and appropriations process. >> and the thing is, it's just
. to succeed, republicans must remain united under one demand: cuts with no taxes, or we'll let the sequester go into effect. the morning after they should sit down with obama for negotiations on real tax reform as recommended by the president's own simpson-bowles commission. broaden the base, lower the rates." and it was one of the things that secretary panetta was talking about, richard, the impact, he said if this goes into effect, it won't be short term, and the ramifications would be deep, steep and devastating. is that a fair assessment, that it would be very hard to turn this around quickly? >> if you have to do all the sequester in a hurry, then yes, it's a real problem because it doesn't let the pentagon begin to plan and distribute, if you will, the cuts. but at the end of the day, whether it's defense spending, education spending, health spending, what always matters more than how much you spend is how you spend it. and so i'm not, at the end of the day, all that worried about how much we spend, whether it's on defense or anything else. you just want to have the time to make some i
nissan altima. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought t
's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> president obama today traveled to minneapolis where he met with victims of gun violence and their families and with local law enforcement. the president then gave a speech in which he explained that he has done what he can do as president about gun violence. for more to happen, he said, congress must act. >> real and lasting change also requires congress to do its part and to do it soon. not to wait. the good news is that we're starting to see a consensus emerge about the action congress needs to take. the vast majority of americans, including a majority of gunowners, support requiring criminal background checks for anyone trying to buy a gun. so right now democrats and republicans in the senate are working on a bill that would
plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> why should you vote for me? because i do not wear high heels. >> i'm not a witch. >> seamed remedies. why won't you answer second amendment remedies mean. >> if it's a legitimate rain, rape, the female body has ways to try to shut that whole thing down. >> todd akin, richard mourdock, sharron angle, ken buck, a the republicans's recent history of trying to win very winnable recent senate seats, and losing those seats because they picked really fringe ridiculous candidates. those interest type of candidates that karl rove's superpac now says it hopes to prevent from winning republican senate primaries going forward. i want wonder if they can do that. i wonder if they should. joining us now is frank rich, writer at large for "new york" maga
. >> americans do not support sacrificing real spending cuts for more tax hikes. jive to tell you, if that's an argument they want to have before the court of public opinion, that is an argument i am more than willing to engage in. hi. hi. i'm here to pick up some cacti. it should be under stephens. the verizon share everything plan for small business. get a shareable pool of data... got enough joshua trees? ... on up to 25 devices. so you can spend less time... yea, the golden barrels... managing wireless costs and technology and more time driving your business potential. looks like we're going to need to order more agaves... ah! oh! ow! ... and more bandages. that's powerful. shareable data plus unlimited talk and text. now save $50 on a droid razr maxx hd by motorola. but that doesn't mean i don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-80
to ground some private jets as part of the upcoming debt talks. the president is working to close tax loopholes including what he calls tax breaks for private jet owners. the national business aviation administration says closing the loophole would punish the one million-plus employees who work in the industry and would hurt the $150 billion in economic activity. >>> overnight, somebody in virginia jumped up quite a few tax brackets. >>> also, a very close call for a local business owner. >>> a news4 exclusive this morning. the owner of a local deli talking about the moment an explosion leveled his store and nearly killed him. what he told us from his hospital bed and why police are saying this is no accident. >>> good morning, i'm aaron gilchrest. >> i'm eun yang. someone in the commonwealth is waking up happy and wealthy. overnight we learned someone in virginia hit the powerball jackpot. where that ticket was sold and how much it's worth ahead at 6:40. >>> right now, we're tracking a major storm bearing down on the northeast. take a look at the radar here. two storms will merge. wh
Search Results 0 to 49 of about 97 (some duplicates have been removed)